Asylum of St. Vincent de Paul v. McGuire

Amy & Co. were a partnership engaged in the business of stockbrokers in the city of New York. On March 5, 1919, the members of the firm executed a general assignment to the defendant Edward J. McGuire. In January, 1915, Amy & Co. had obtained from the defendant Chase National Bank a loan of $250,000, and had pledged as collateral therefor, securities, consisting of stocks and bonds of various corporations. The bonds were payable to holder or bearer in the usual form of corporate bonds, and the stocks were represented by the usual certificates, with assignments in blank executed by the party…